Abu Dhabi Opens Oil Pipeline Bypassing Hormuz Strait

(Bloomberg) Anthony DiPaola and Ayesha Daya - Abu Dhabi started exporting its first crude from a new 423-km. (263-mile) pipeline that bypasses the Strait of Hormuz. Abu Dhabi built the pipeline to avoid Hormuz, a narrow waterway that Iran has threatened to block.


2012-07-17 00:00:00

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